Stabilization, persistence, and inflationary convergence: a comparative analysis

dc.contributor.author	Edwards, Sebastián, 1953-
dc.contributor.author	Lefort, Fernando
dc.date.accessioned	2019-11-01T00:01:36Z
dc.date.available	2019-11-01T00:01:36Z
dc.date.issued	2002
dc.identifier.isbn	956-7421-110
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3628
dc.description	The role of inflationary persistence has become a recurrent theme in discussions on stabilization programs (Fischer, 1986). This has particularly been the case in recent debates on the merits of exchange-rate-based stabilization plans. Some authors claim that anti-inflationary programs based on predetemined nominal exchange rates are effective in reducing inflation. Others argue, however, that in the context of stub born inflationary inertia these type of programs are bound to generate real exchange rate overvaluation and, in some cases, can ever result in major crises.
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 65-104
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Serieson Central Banking, Analysis, and Economic Policies, no. 2
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	INFLACIÓN	es_ES
dc.subject	TIPO DE CAMBIO	es_ES
dc.subject	ESTABILIDAD ECONÓMICA	es_ES
dc.title	Stabilization, persistence, and inflationary convergence: a comparative analysis
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v02-p065_104

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile